UK alternative lender ThinCats secures nearly £700m in funding facility
The new facility will help ThinCats support lending of up to £696 million to mid-sized businesses in the UK.
The new facility will help ThinCats support lending of up to £696 million to mid-sized businesses in the UK.
ThinCats will leverage Mambu’s cloud banking solutions and its SaaS technology platform.
Ex-Aldermore Bank Billy Ferguson joins ThinCats as chief technical officer.
ThinCats now has “£650m currently available to deploy in support of businesses across the UK”.
Featuring Ebanx, ThinCats, Guideline, Bunq, and 10x.
These new joiners can lend between £10,000 and £5 million to small businesses.